H.R.2424 - Modern, Clean, and Safe Trucks Act of 2025 (119th Congress)
Summary
H.R.2424, the "Modern, Clean, and Safe Trucks Act of 2025," aims to repeal the 12-percent Federal retail excise tax on new heavy trucks and trailers. The bill argues that this tax increases the cost of newer, cleaner trucks, discouraging the replacement of older, less efficient vehicles. It also seeks to address inconsistencies in Highway Trust Fund revenue and promote the adoption of advanced truck technologies.
Expected Effects
The repeal of the excise tax would likely lead to lower upfront costs for new heavy trucks and trailers. This could incentivize businesses to replace older vehicles with newer, more environmentally friendly models. The Highway Trust Fund would need to find alternative revenue sources.
Potential Benefits
- Lower costs for trucking companies and consumers.
- Increased adoption of newer, safer, and cleaner trucks.
- Potential reduction in emissions and fuel consumption.
- Stimulation of the trucking industry and related sectors.
- Simplification of the tax code by removing an excise tax.
Potential Disadvantages
- Potential decrease in revenue for the Highway Trust Fund.
- Possible need for alternative funding mechanisms for infrastructure projects.
- Uncertainty regarding the actual impact on emissions reduction.
- Potential shift in tax burden to other sectors or taxpayers.
- Risk that cost savings are not fully passed on to consumers.
Most Disadvantaged Areas:
Constitutional Alignment
The bill aligns with Congress's power to tax and regulate commerce, as outlined in Article I, Section 8 of the Constitution. The bill's focus on interstate commerce through trucking also falls under this clause. The repeal of a tax is a valid exercise of Congress's legislative authority.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).